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Not too COOL: Majesco stays on NASDAQ thanks to reverse stock split

Not too COOL: Majesco stays on NASDAQ thanks to reverse stock split

July 3, 2014 | By Christian Nutt




Newsbrief: New Jersey-based publisher Majesco is no stranger to financial trouble, or threat of delisting from the NASDAQ stock exchange. In a plan announced in February and executed last month after shareholder approval, Majesco merged shares in the company at a ratio of seven-to-one, with no change in value of the investment for its shareholders.

That move allowed the company to continue trading on the exchange, it now says, which has a minimum price requirement of $1 per share. Majesco's stock, which trades under the symbol COOL, is at $2.42 a share as of this writing.

The company is hanging its hope on its indie publishing label Midnight City and a move into social casino games.


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